A gap between asking prices and bids is emerging in senior housing valuations, as the mergers and acquisition landscape begins to stabilize. Capital markets, meanwhile, continue to struggle with imbalance due to tighter loan underwriting and a lack of bridge debt. Signs of growing distress among smaller and struggling operators are contributing to the pricing […]
Investor interest in senior housing remains strong and will continue for the foreseeable future, but the marketing period for assets has grown longer. This may signal a growing disconnect between buyers and sellers, but also reflects the expanding investor pool and current headwinds hitting the sector. Increased marketing time was among the findings of the […]
Healthcare Transactions Group Arranges Sale of Maryland Skilled Nursing Facility Healthcare Transactions Group arranged the sale of a 181-bed skilled nursing facility in Sykesville, Maryland. Terms and details of the transaction were not disclosed. The firm represented the seller, a New Jersey-based private investor, in the sale, and conducted an extremely selective offering process. The […]
Greystone Real Estate Advisors Closes Sale of Seniors Housing Community in Texas Greystone, a real estate lending, investment and advisory company based in New York City, announced its Real Estate Advisors group closed the sale of Spring Creek Village, a newly-constructed 108-unit memory care and assisted living community in Spring, Texas. Financial details were not disclosed. […]
Joint Venture Acquires Northgate Terrace in California for $27.5 Million WNC, a national investor in real estate and community development initiatives, announced recently that its subsidiary, Community Preservation Partners LLC, has acquired Northgate Terrace, a 201-unit affordable senior housing community in Oakland, Calif., in a joint venture with Related Affordable LLC, for $27.5 million. The […]
